Carat Capital lbo with Parquest Capital

The wealth manager completes its first OBO

LBO 2021, September

Insurance & Fintech

“With this deal, Carat Capital intends to offer its distinctive approach to independent asset management firms who want to join an ambitious project, with a strong DNA of consulting and client support, especially for managers and entrepreneurs.”

Sandrine Genet, founding partner of Carat Capital

Sandrine and Cédric Genet, founders of the wealth management firm Carat Capital, have completed the group's first majority OBO, alongside the fund Parquest Capital.

This transaction marks a turning point in the history of Carat Capital and the beginning of a new growth phase for the company. As the group's largest financial minority shareholder, alongside the founders who remain the majority shareholders, Parquest Capital aims to support the management team in structuring the group and deploying its growth strategy, both organically, by strengthening the teams, and externally, through acquisitions.

At the same time, Sandrine and Cédric Genet wanted to ensure that the whole team of the team has access to the company's capital, with a view to sharing the value with each employee of Carat Capital.

Founded in 2006 by Sandrine and Cédric Genet, Carat Capital is a wealth management consulting firm specialising in supporting entrepreneurs. To satisfy this demanding clientele, the group has adopted an upscale positioning and has a differentiated offering based on a technical approach and a high level of consulting services.

The company has now reached critical mass and aims to further accelerate its expansion. To achieve this, Carat Capital will leverage a proven and virtuous business model and an ambitious external growth strategy. The group has demonstrated its expertise in this area through the completion of two build-ups (in 2017 and 2019). Based on this experience and with the support of Parquest, Carat Capital aims to position itself for more developmental acquisitions in a deep market that offers numerous consolidation opportunities.

Over the past few years, we have explored a number of investment opportunities in wealth management, a sector where we identify and welcome significant potential for development and consolidation. In Sandrine and Cédric Genet, we found authentic entrepreneurs, ambitious and agile, with a cutting-edge and modern vision of how their business should evolve and a DNA very similar to that of Parquest; all of which convinced us that Carat is perfectly capable of seizing the opportunities offered by this market. We are therefore delighted with this partnership, which promises to create value," affirms Pierre Decré, Managing Partner of Parquest Capital.